Invesco QQQ (NASDAQ:QQQ) Shares Sold by Allworth Financial LP

Allworth Financial LP decreased its position in shares of Invesco QQQ (NASDAQ:QQQ) by 6.3% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 134,847 shares of the exchange traded fund’s stock after selling 9,134 shares during the quarter. Invesco QQQ accounts for approximately 0.4% of Allworth Financial LP’s portfolio, making the stock its 29th largest holding. Allworth Financial LP’s holdings in Invesco QQQ were worth $65,815,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. New Covenant Trust Company N.A. acquired a new position in shares of Invesco QQQ in the first quarter worth about $28,000. Mechanics Financial Corp acquired a new position in Invesco QQQ in the 2nd quarter worth about $30,000. Chelsea Counsel Co. purchased a new position in Invesco QQQ during the first quarter worth approximately $40,000. CGC Financial Services LLC grew its holdings in Invesco QQQ by 736.4% in the second quarter. CGC Financial Services LLC now owns 92 shares of the exchange traded fund’s stock valued at $44,000 after purchasing an additional 81 shares during the period. Finally, CarsonAllaria Wealth Management Ltd. grew its holdings in Invesco QQQ by 30.4% in the first quarter. CarsonAllaria Wealth Management Ltd. now owns 103 shares of the exchange traded fund’s stock valued at $46,000 after purchasing an additional 24 shares during the period. 44.58% of the stock is owned by hedge funds and other institutional investors.

Invesco QQQ Stock Up 0.6 %

Shares of QQQ stock opened at $495.32 on Friday. Invesco QQQ has a 1-year low of $342.35 and a 1-year high of $503.52. The stock has a 50 day simple moving average of $480.10 and a 200-day simple moving average of $466.30.

Invesco QQQ Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 31st. Shareholders of record on Monday, September 23rd will be given a dividend of $0.677 per share. This represents a $2.71 dividend on an annualized basis and a yield of 0.55%. The ex-dividend date of this dividend is Monday, September 23rd.

Invesco QQQ Company Profile

PowerShares QQQ Trust, Series 1 is a unit investment trust that issues securities called Nasdaq-100 Index Tracking Stock. The Trust’s investment objective is to provide investment results that generally correspond to the price and yield performance of the Nasdaq-100 Index. The Trust provides investors with the opportunity to purchase units of beneficial interest in the Trust representing proportionate undivided interests in the portfolio of securities held by the Trust, which consists of substantially all of the securities, in substantially the same weighting, as the component securities of the Nasdaq-100 Index.